The three popular Chinese media entertainment platforms ascended in trading this week between 18 and 29 percent from their earlier lows this week.

Three of the top Chinese media entertainment platforms, Bilibili, Huya, and iQiyi, each of them still newbies to the market, enjoyed an uplift in trading this week between 18 and 29 percent from their Tuesday lows on what appeared to be pure investor sentiment.

Bilibili Inc. (Nasdaq: BILI), a popular anime, comic, and gaming (ACG) platform, closed Friday up nearly 17 percent from yesterday's close to $18.95 per American depositary share. That represented an impressive 21 percent rise since early in the week. The stock was trading around $15.60 per ADS on Tuesday.

In fact, after a series of rough starts early in the week, each of the end-of-week high-flyers readied to enjoy the weekend with an uplift of between 18 to 29 percent.

The media entertainment platform iQiyi Inc. (Nasdaq: IQ) ended Friday up 6 percent at $32.82 per share, propelling it up for an 18 percent gain over the past four days.

Huya Inc. (NYSE: HUYA), a game-streaming platform, gained nearly 17 percent to $34.84 per share on the day, bringing its total flight to 29 percent from Tuesday.

The companies all completed initial public offerings on Wall Street within the past three months.

Bilibili went public in March at $11.50 per share raising $483 million. The company is the largest video website for the ACG subculture in China, with more than 150 million daily active users (DAUs) aged betweed 17 and 24 years old. Bilibili was the first to introduce "danmu," which translates as "barrage," a feature that displays real-time comments flying across the screen. In its earnings posted in May, the platform said that revenue in the first quarter more than doubled while its net loss slimmed.

Bilibili closed up nearly 17 percent at $18.95 per share by week-end.

(Source: Thomson Reuters Eikon)

Just a day after Bilibili, iQiyi offered its shares at $18 per share on the Nasdaq raising $2.25 billion. IQiyi was founded by China's largest online search engine Baidu Inc. (Nasdaq: BIDU). To gain viewership on its platform, iQiyi acquires exclusive copyrights from filmmakers worldwide, as well as produces popular dramas, which win international awards. As of March 18, 2018, iQiyi had over 60.1 million paid subscribers.

Although the company has been often compared with Netflix, it aspires to reach Disney's scale and establish an online entertainment kingdom in China. The chief executive officer of iQiyi, Yu Gong, has said he hopes to achieve this goal in the next 10 years.

The stock of iQiyi closed up 6 percent at $32.82 per share Friday.

(Source: Thomson Reuters Eikon)

Of the three entertainment companies, Huya, backed by Tencent Holdings Ltd., China's media giant, enjoyed a successful debut on the New York Stock Exchange in May, selling shares at $12 each, raising $207 million.

Like other broadcasting apps, including Huya's parent YY Inc. (Nasdaq: YY), the platform's business model has been relying on membership fees and virtual gifting for the users' favorite gamers. The number of paying users reached 3.4 million in the first quarter.

On Tuesday, the gaming platform reported that its revenue more than doubled in the first quarter while it moved into profitability in contrast to a loss a year ago. For the quarter, Huya said it had 41.5 million average MAUs and 92.9 million overall average MAUs.

The stock of Huya closed up nearly 17 percent at $34.84 per share Friday.